Sonatype announces ARR of $100m and appointment of its first President
Sonatype, the pioneer of software supply chain management, today announced it has joined the ranks of the world’s most successful companies and surpassed $100m in annual recurring revenue (ARR). The company also announced the appointment of Alex Berry as its first president, further positioning Sonatype to play a pivotal role in the booming global software development market.
“Over the past year the market recognized the importance of software supply chain management — and saw the need to solve the really hard problem of how engineering teams can balance speed, quality, intelligence, and security at scale. This is exactly what Sonatype has focused on since its founding,” said Wayne Jackson, CEO of Sonatype. “As the world takes notice of our mission to empower every engineer with information to solve these hard problems, adding Alex to the team was the logical next step in our evolution. His experience with high-growth companies and history of building cloud organizations made him the perfect fit to elevate Sonatype even further.”
Berry is an executive with more than 20 years of experience transforming and growing global businesses, taking organizations from $30 million to over $1.3 billion. As Sonatype continues to expand its cloud offerings, his remarkable history of operational excellence across all SaaS business functions at companies like Vector Solutions, Syniti and Neustar will be an unrivaled asset. Berry’s teams have sold and delivered more than $10 billion in cloud-based and enterprise software solutions.
“There is a massive market opportunity for Sonatype in 2022 and beyond, as businesses are faced with a growing threat to their software development lifecycles,” said Berry. “Sonatype invented componentized software development and then software supply chain management. The company is applying that expertise to provide organizations with the intelligence and accuracy needed to build high-quality, secure software that delivers real business value. I’m honored to join Wayne and the Sonatype team on this exciting journey.”